Property History
The North Hardy Toll Road Industrial Submarket has seen the arrival of larger distribution tenants in recent years. Demand is expected to keep up with the surge in new supply of new spec developments constructing in the year. The North Hardy Toll Road Sub market’s presence between the heavily trafficked I-45 and Sam Houston Tollway, as well as proximity to the George Bush Intercontinental Airport, lends itself well as an ideal location to satisfy area demand resulting from nearby rooftop growth. The North Hardy Toll Road is also ideally situated to capitalize on rooftop growth in Montgomery to the north, particularly Spring woods Village, The Woodlands, and Conroe.
As the fifth most populous metro area in the U.S., Houston houses nearly 6.9 million people in southeastern Texas. The market is composed of nine counties: Harris, Galveston, Brazoria, Fort Bend, Chambers, Montgomery, Austin, Liberty and Waller. The Gulf of Mexico, which borders the metro to the southeast, provides access to markets around the world via the Port of Houston, making it a prime location for import/export. Houston’s economy has diversified in recent years, with the healthcare and technology sectors showing strong growth. As Houston’s population continues to grow, primarily to the northwest, many companies are expanding to the region to provide goods and services to the increasing population.
- This Location Serves as FUEL TRAX Headquarters Office and Manufacturing Center, with Additional Offices in 10 Other Countries Across the World
- Property is Located Less than one Mile from Union Pacific Lloyd Yard, Providing Local Rail Freight Access
- 2.5% Rental Increase During 1st Year of New Ownership, 4.2% Bump in Year Two
- Located in Close Proximity to Interstate 45, Hardy Toll Road, and the Grand Parkway/SH 99
- Nautical Control Solutions’ Clients Include BP, Exxon, and Honeywell, Amongst Numerous Other Publicly Traded Maritime Companies
- Gated Concrete Yard at Rear of Property Provides Secure Tenant Parking and Additional Storage Yard
Loan History
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